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  • FIRST POST
    • DreamerHelen
    • By DreamerHelen 20th Oct 15, 8:30 AM
    • 2,495Posts
    • 13,426Thanks
    DreamerHelen
    3-6 Month Emergency Fund Challenge!!
    • #1
    • 20th Oct 15, 8:30 AM
    3-6 Month Emergency Fund Challenge!! 20th Oct 15 at 8:30 AM
    Morning Everyone....


    I have been wondering for MONTHS now about what would happen if there was some kind of Emergency....I am self-employed and also starting a new Business which will also be on a self-employed basis....so I will never get holiday pay or sick pay....although I AM hoping to maybe get an employed Job but that would only be for a couple of days a Week so it won't cover me completely if something were to happen....


    My health is not wonderful at the moment, and hasn't been for a while, but I'm going to start trying to lose Weight once I've moved Flats (which I'm doing this Weekend!!).


    So the point of this Challenge is to save up at least 3 month's worth of wages....that can be a different amount for each person....and some people might want to save up to 6 months if they are feeling ambitious!!


    Me personally, I want to save 3 months worth of wages which for me will be £6000.


    Now, there is ABSOLUTELY NO TIME LIMIT on this Challenge...in fact I suspect it could take me Years to get to the point of having 3 months wages as Savings....For now I can only afford £5 per week but as my new Business builds up (hopefully!!) then I should be able to afford more.


    This Thread is mainly for us all to encourage each other to keep on Saving and to celebrate when we reach milestones, however large or small they may be.....Like for me, when I get to having £500 I will be ecstatic!!


    I also wanted to say that if at any time an emergency crops up and you need to use your Fund and then start again then please don't worry about doing that.....It's what the Emergency Fund is there for after all....


    I don't like having Savings in the Bank as I get too tempted to spend them so I'm going to invest in a Terramundi to put my Savings into at least at first......but other's may choose to use their Bank Accounts or a Tin from Poundworld...or stuff it under your Mattress!!


    Sooooo.....Here we go.....I'll add the names below as people Join....xXx




    CHALLENGERS
    1) DreamerHelen - GOAL: £6000 CURRENTLY: £0/£6000
    2) Dobbibill - GOAL: £9000 CURRENTLY: £0/£9000 - COMPLETE!!
    2) Dobbibill - NEW GOAL: £5000 CURRENTLY: £2969.55/£5000
    3) Patman99 - CURRENTLY: £240
    4) LittleMissDetermined - GOAL: £7129 CURRENTLY: £2364.14/£7129
    5) Sophieo16 - GOAL: £3000 CURRENTLY: £3000/£3000 - COMPLETE!!
    5) Sophieo16 - NEW GOAL: £4000 CURRENTLY: £2862.51/£5000
    6) Crv1963 - INITIAL GOAL: £7800 CURRENTLY: £10/£7800
    7) Mothernerd - INITIAL GOAL: £1000 CURRENTLY: £1000/£1000 COMPLETE!!
    8) Stewby - GOAL: £2000 CURRENTLY: £230.76/£2000
    9) stoplurking - GOAL: £4000 CURRENTLY: £2080/£4000
    10) crazy_cat_lady - GOAL: £6338 CURRENTLY: £17.66/£6338
    11) stormpassing - GOAL: £5400 CURRENTLY: £30/£5400
    12) carbootcrazy - GOAL: £3000 CURRENTLY: £1900/£3000
    13) Munchin - GOAL: £6000 CURRENTLY: £1300/£6000
    14) traveller - INITIAL GOAL: £1000
    15) Freysmum - GOAL: £8500 CURRENTLY: £8500/£8500 - COMPLETE!!
    16) The Only Girl - GOAL: £12,000 CURRENTLY: £9425.89/£12,000
    17) Southern-girl - GOAL: £5000 CURRENTLY: £437/£5000
    18) dubsteppenguin - GOAL: £5000 CURRENTLY: £250/£5000
    19) DuranGirl - GOAL: £6000 CURRENTLY: £5000/£6000
    20) WantToBeSE - GOAL: £5000 CURRENTLY: £1000/£5000
    21) black cat - GOAL: £6000 CURRENTLY: £6000/£6000 - COMPLETE!!
    22) lexbubbles - GOAL: £4600 CURRENTLY: £2158.63/£4600
    23) ani*fan - GOAL: £3000 CURRENTLY: £40.29/£3000
    24) Keeping Motivated - GOAL: £6000 CURRENTLY: £6000/£6000 - COMPLETE!!
    24) Keeping Motivated - NEW GOAL: £6000 CURRENTLY: £3790/£6000
    25) rylee12 - GOAL: £6000
    26) Rosylee - GOAL: £8850 CURRENTLY: £60/£8850
    27) BlackFrosting - GOAL: £2700 CURRENTLY: £69.37/£2700
    28) Westbeef - GOAL: £5000
    29) skye blue - GOAL: £3000 CURRENTLY: £1750/£3000
    30) MrsSave - GOAL: £5000 CURRENTLY: £1241.36/£5000
    31) crimson.addict - GOAL: £10,000 CURRENTLY: £350/£10,000
    32) linc1205 - GOAL: £20,000 CURRENTLY: £20/£20,000
    33) Brass_Triumphant - GOAL: £5000 CURRENTLY: £450/£5000
    34) Christa27 - GOAL: £3000
    35) Wishfullthinking2 - GOAL: £4500
    36) x_raphael_xx - GOAL: £5050 CURRENTLY: £600/£4000
    37) moneymakestheworldgoround - GOAL: £3000
    38) georgiebrown0 - GOAL: £6000
    39) Sharon87 - GOAL: £1500 CURRENTLY: £330/£1500
    40) BabyBetty - GOAL: £5000 CURRENTLY: £276/£5000
    41) -Selene - GOAL: £5000 CURRENTLY: £691.69/£5000
    42) Thistlewhistle - GOAL: £5000 CURRENTLY: £2500/£5000
    43) abundant1972 - GOAL: £4500 CURRENTLY: £750/£4500
    44) castlelough - GOAL: €3000 CURRENTLY: €86/€3000
    45) MLAB - INITIAL GOAL: £450
    46) milasavesmoney - GOAL: $15000 CURRENTLY: $11,273/$15000
    47) WatWing - GOAL: £3900 CURRENTLY: £250/£3900
    48) happytails - GOAL: £8400
    49) Grandad's Offspring - GOAL: £5000 CURRENTLY: £80/£5000
    50) Smodlet - GOAL: £3000 CURRENTLY: £325/£3000
    51) JCUK - GOAL: £6000 CURRENTLY: £1250/£6000
    52) Mooloo - GOAL: £4000 CURRENTLY £0/£4000
    53) aphill24 - GOAL: £5000 CURRENTLY: £1100/£5000
    54) evo5819 - GOAL: £3000
    55) mum-to-many - GOAL: £3000 CURRENTLY: £306/£3000
    56) oh2bdebtfree - GOAL: £6000
    57) Keedie
    58) AnxiousHomemaker - INITIAL GOAL: £500 CURRENTLY: £15/£500
    59) PoorGuyNextDoor - GOAL: £5300
    60) angelicious - GOAL: £7200 CURRENTLY: £270/£7200
    61) misselvis - GOAL: £6000
    62) benten69 - GOAL: £10,750 CURRENTLY: £230/£10,750
    63) TopsyMum - GOAL: £1000
    64) Poor_Single_lady - GOAL: £5000 CURRENTLY: £80/£5000
    65) swimminginaseaofdebt - GOAL: £9000 CURRENTLY: £15.71/£9000
    66) Dragon Lily - GOAL: £3000 CURRENTLY: £1206/£3000
    67) FrugalinShropshire - GOAL: £7200
    68) Determined diva - GOAL: £2000 CURRENTLY: £1050/£2000
    69) muppets - GOAL: Euro 15,000 CURRENTLY: Euro 4000/15,000
    70) dfbefore30 - GOAL: £5000 CURRENTLY: £3537/£5000
    71) indigowarrior - GOAL: £6000
    72) angelpye - GOAL: £4200
    73) HoneyBee83 - GOAL: £1000 CURRENTLY: £300/£1000
    74) wegle - GOAL: £6000 CURRENTLY: £548.23/£6000
    75) Hillwalker17 - GOAL: £6000 CURRENTLY: £1000/£6000
    76) Doglover - GOAL: £7500
    77) NewMeNewLife - GOAL: £5000 CURRENTLY: £300/£5000
    78) Bumblebear - GOAL: £5670
    79) lilyflower7 - GOAL: £3000 CURRENTLY: £519.23/£3000
    80) Dogbooks - GOAL: £9300 CURRENTLT: £950/£9300
    81) kazt2006 - GOAL: £10,000 CURRENTLY: £7900/£10,000
    82) Jellybeans&FF - GOAL: £9000 CURRENTLY: £20/£9000
    83) Moneybutterfly - GOAL: £1000 CURRENTLY: £270/£1000
    84) moneymanager - GOAL: £1500

    If you haven’t already, join the forum to reply!
    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by DreamerHelen; 12-08-2017 at 7:25 AM.
    Pay ALL Your Debts Off By Xmas 2017 #13 £6000 Emergency Fund #1 £0/£6000 General £1000 Emergency Fund #13 £0/£1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
Page 2
    • mothernerd
    • By mothernerd 24th Oct 15, 2:48 AM
    • 2,004 Posts
    • 20,290 Thanks
    mothernerd
    Could I join you please. I am currently re-assessing my priorities. I still have debt but the past two years have shown how much I need an emergency fund. I have one or two things to sort out first but hope I can put away between £50 and £100 per month (possibly from January). I think I should start with a target of £1000.
    Building a rainbow of happiness and joy
    NST Aug #2 SFD 12/16 Spent £50.80/ £100
    Debt free and EF January 2016 No mortgage
    Progress through plodding, baby steps and purposeful pottering
    • DreamerHelen
    • By DreamerHelen 25th Oct 15, 4:49 AM
    • 2,495 Posts
    • 13,426 Thanks
    DreamerHelen
    Hey Mothernerd ..... Of course you can Join, your number is in the first post!! Don't worry, it will take me YEARS to save up my Emergency Fund....and it might take a few weeks to even begin....This Move is proving more expensive than I thought....but as long as we have something to aim for that's the main thing!!
    Pay ALL Your Debts Off By Xmas 2017 #13 £6000 Emergency Fund #1 £0/£6000 General £1000 Emergency Fund #13 £0/£1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
    • crv1963
    • By crv1963 25th Oct 15, 5:48 AM
    • 47 Posts
    • 282 Thanks
    crv1963
    Hello Dreamer Helen, good luck in the new flat hope you get sorted and settled in.


    I'm like mothernerd, decided what I want but still assessing best way of getting there. I've renamed a savings account for the £10 a day challenge ready for November, got another account in another bank for my EF and have got my mileage claims for September and up to date for October so far. I'm doing an extra shift at work today so that should boost November pay.


    I still think with Xmas and New Year coming I'll not make much headway until January pay, although I might if I'm lucky/ careful be able to make a start from Decembers pay.


    I'm going to make a start selling stuff on Monday, my hoarding stuff may prove a good asset, I'll have be ruthless with myself!


    Roughly priorities are- Get the Xmas stuff done October and November pay, get EF saved, then split some money to this challenge and rest to overpay cc's, then loans, then mortgage!
    CRV1963- Light bulb moment Sept 15- Debts- CC1- £731.70, CC2- £7,607.79, Loan 1- £10,000, Loan 2- £4694, Mortgage- £98,800 Car Loan £18,719

    #140- £1000 EF Challenge £10/£1000=1% #6 3-6 month EF Challenge £10/£7800 #14 £10 a day in November, target £20 a day/ £600 for the month #509 SPC 2016
    • LittleMissDetermined
    • By LittleMissDetermined 25th Oct 15, 7:16 AM
    • 1,702 Posts
    • 6,976 Thanks
    LittleMissDetermined
    Morning all

    Hope the move is going well DreamerHelen!

    I intend to sign up for the make £10 a day in November and I've been through the initial post and made sure I am signed up to everything I can, having trouble with Pinecone Research though as my browser crashed and it says I've already signed up when I didn't complete the process, think it may be linked to IP address so will try from work on my lunch break tomorrow.

    Anything I make from the challenge will go straight to the 3-6 month pot though so we will see what we get from it. I will struggle to get any eBay sales done due to a holiday mid-month and then when I come back there's not much time before we hit December.

    Good luck everyone, this is a looooong road but we will get there in the end
    Target Debt Free Day 27th Jun 2019
    Life gets in the way...PADding is addictive... Saving's better than spending...

    £1000 EF Challenge #142 £1276.64/£1000 ... 3-6Mth Wages Challenge #4 £2364.14/£7129...
    24 months of Debt-busting to go...
    • stoplurking
    • By stoplurking 25th Oct 15, 8:10 AM
    • 325 Posts
    • 2,068 Thanks
    stoplurking
    Hi Helen

    I'd like to join if I may please? I thought when I paid off my debts I would be able to save that debt money every month. Life conspired against me though, and since then I have been paying for everything as OH had been made redundant and his savings ran out just as I paid my debts off. I'm ok with that but it means I still don't have my EF in place, so if anything happened to me we are in trouble. I have pots for the cars, Christmas, holidays etc but really want that EF.

    So, when I read this challenge yesterday I set up a new online account and put £50 into it, a small start but a start all the same. I wasn't sure if I could join the challenge as I have joined a few before but they needed a commitment of £ X per month and if I missed that the failure was hard to take! Also spreadsheets seemed to work against me every time, I couldn't seem to access them. This one seems a lot simpler, thanks to
    Helen for doing the updates.

    I hope to add more to my wee account every month and my target is £4000. Might take a while, but I have to start somewhere. I'm looking forward to it.

    I hope everyone does well and Hi to Stewby, I remember you from NSK days and still follow the turtles every month from the sidelines. You have done brilliantly Stewby, your progress in handling your own affairs is amazing. SL
    LBM Oct12 Debts at LBM £17715.93.
    Orig DFD Apr15 DFD 24/12/13
    3-6monthEFC#9 £2080/4000 52%
    • crazy_cat_lady
    • By crazy_cat_lady 25th Oct 15, 9:28 AM
    • 3,248 Posts
    • 27,996 Thanks
    crazy_cat_lady
    Hi everyone
    I was wondering if I could sign up here please? Having wiped out my £1000 emergency fund in a month when everything went wrong at once I decided to focus on throwing everything spare at my debts and leaving the savings for now. I am due to be debt free in December and want to get straight on with building myself some savings. My dh has health issues so I never know where I am from one moment to the next with him - savings are about to become very important to me. My first aim needs to be £6338...
    NSTAugust #13 NSD 4/15 RYSAW17 #1 £472.63 20p Savers #88 £1 a day for Xmas # DFD 6 Nov 15 - paid £28,447
    • Dobbibill
    • By Dobbibill 25th Oct 15, 11:33 AM
    • 2,207 Posts
    • 3,348 Thanks
    Dobbibill
    Hello and welcome aboard to all our new members

    I'm sure Helen will be along soon to give you a number.

    SL there is no set amount to do in this thread, it's all about an ongoing goal for security in the future. Some will get there in a few months, others in years but the main thing is that everyone will be welcomed and supported. You put in what you can, if you can't then that's fine, there's always another month.

    DB
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • Sue-UU
    • By Sue-UU 25th Oct 15, 6:52 PM
    • 8,480 Posts
    • 46,968 Thanks
    Sue-UU
    Hi Helen!

    All the very best to you and everyone here, I wish you all the very best possible.

    Budget well...I mean reeaaalllllly well, and if you don't NEED it then DON'T buy it!

    Part of budgeting will be to help lose weight as well. Work out a sensible healthy eating plan and do your level best to stick to it - it's for your own good - and you'll save more!

    Save every penny possible, you'll be so pleased you did!

    Have you bought a Terramundi yet, Helen? If not then use something a lot, lot cheaper to use and SAVE the money the Terramundi would have cost and....you're away saving already!!!!!
    You CAN do this, Helen, I know you can...and so do you!! I'm behind you all the way. Bon voyage all.

    Love, Sue
    Sealed Pot Challenge 001 My Totals = 08 £163.95 09 = £315.78 10 = £518.80 11 = £481.87 12 = £694.53 13 = £1200.20! 14 = £881 15 = £839.21 16 = £870.48Grand Totals of all members (2008 uncounted) 2009 = £32.154.32! 2010 = £37.581.47! 2011 = £42.474.34! 2012 = £49.759.46! 2013 = £50.642.78! 2014 = £61.367.88!!
    2015 = £52.852.06! 2016= £52, 002.40!!!

    • stormpassing
    • By stormpassing 25th Oct 15, 10:41 PM
    • 107 Posts
    • 531 Thanks
    stormpassing
    Hi Helen,

    Please can I join this challenge? I was going to wait but you've inspired me to start now as snail pace is allowed

    I'll use the same account as my £1,000 EF fund and use a small notebook to keep the amounts separate. My goal is £5,400 separate from the £1,000 emergency fund. Will take me years but what the hell!! We all have to start somewhere right?

    Thanks,
    SP x
    Lightbulb moment September 2015
    DFD estimated at 6yrs 7mnths 03/2022
    Total debt: £37,394.00
    #494 SPC 8 £133
    #134 £1000 emergency fund challenge £92.92/£1000
    #11 3-6 months emergency fund challenge £25/£5,400
    • DreamerHelen
    • By DreamerHelen 26th Oct 15, 5:29 AM
    • 2,495 Posts
    • 13,426 Thanks
    DreamerHelen
    Morning All....I'm so sorry that it's taken a little while for me to Update....I've been moving into my New Flat all Weekend and that has taken up most of my time.....I'm in and sort-of settled...still lots of unpacking to do....


    crv1963 .... thanks for the Update....don't worry if you can't make any headway until January....just put something in if you can before then...if you can't then that's absolutely fine....this Challenge is for everyone in their own time whether it takes 6 months or 6 years...


    LittleMissDetermined ..... Ooooooh where are you going on Holiday? Somewhere nice and warm I hope as I sit here a little cold this morning!!


    stoplurking .... welcome, welcome, welcome - You'll find your Number in Post 1 along with your Goal and what you've put in so far....As I said above, please don't worry if it takes a long time, it will for me too....But we can all encourage each other...


    crazy_cat_lady .... a very warm welcome to you too....I'm so sorry to hear that your DH isn't well....I hope he makes a full recovery soon. I've put your Number in Post 1 along with your Goal...


    Dobbibill ..... thank you for the support in my absence hun, I really appreciate that and appreciate you letting people know that I'll be along soon....I hope you are well this fine morning....


    Sue-UU .... what a lovely pleasure to have you on this Thread and thank you for your Support hun, I really appreciate that!! With regards to the Terramundi....yesterday I went to Ikea to buy some new Storage for the Flat and saw a MAHOOOOSIVE Glass Jar and it wasn't expensive....about a fifth of what a Terramundi would have cost...so I bought that and shall use that for this Challenge....How's that for moneysaving? Hope you are well....


    stormpassing ..... another warm welcome to you too....Your Number is on Post 1....I've also put your Goal on there too. As I said, please don't worry that it will take years....It will for me too....


    I haven't got anything to report with regards to this Fund....The Move took most of my energy and money and so it'll be a couple of weeks before I can put anything in my nice big Jar... The main thing is that we all encourage and support each other no matter how long it takes....xXx
    Pay ALL Your Debts Off By Xmas 2017 #13 £6000 Emergency Fund #1 £0/£6000 General £1000 Emergency Fund #13 £0/£1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
    • LittleMissDetermined
    • By LittleMissDetermined 26th Oct 15, 6:05 AM
    • 1,702 Posts
    • 6,976 Thanks
    LittleMissDetermined
    LittleMissDetermined ..... Ooooooh where are you going on Holiday? Somewhere nice and warm I hope as I sit here a little cold this morning!!
    Originally posted by DreamerHelen
    Off to the Canaries for a week, it had better be warmer than here or I'll be looking for a refund!
    Target Debt Free Day 27th Jun 2019
    Life gets in the way...PADding is addictive... Saving's better than spending...

    £1000 EF Challenge #142 £1276.64/£1000 ... 3-6Mth Wages Challenge #4 £2364.14/£7129...
    24 months of Debt-busting to go...
    • Dobbibill
    • By Dobbibill 26th Oct 15, 7:42 AM
    • 2,207 Posts
    • 3,348 Thanks
    Dobbibill
    Morning All....I'm so sorry that it's taken a little while for me to Update....I've been moving into my New Flat all Weekend and that has taken up most of my time.....I'm in and sort-of settled...still lots of unpacking to do....
    Originally posted by DreamerHelen
    Glad the move went well, I hope the unpacking doesn't take too long for you, although it's nice to go through everything for a sort out occasionally and a home move certainly gives you that opportunity.

    Dobbibill ..... thank you for the support in my absence hun, I really appreciate that and appreciate you letting people know that I'll be along soon....I hope you are well this fine morning....
    It's a pleasure, I knew you would reiterate what I said as you make everyone welcome to the thread. Team work and all that
    what I have noticed is that this team seem to be up very early this morning. I hope everyone is well and having a good relationship with their alarm clock

    DB
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    A person who never made a mistake, never tried anything new.
    • crazy_cat_lady
    • By crazy_cat_lady 26th Oct 15, 7:55 AM
    • 3,248 Posts
    • 27,996 Thanks
    crazy_cat_lady
    Thanks for letting me hop on board and I'm pleased the move went well. I hope it hasn't been too stressful for you all in all. I have a massive plastic jar that once held 3kg of sweets that I've been hanging onto, just in case - so that is about to become my savings pot. As I say, it will be a long while before I get anything approaching what I need, but I need to start somewhere. I work in a school and usually manage to womble a few pence every day, which I will put in there. It will all add up.
    NSTAugust #13 NSD 4/15 RYSAW17 #1 £472.63 20p Savers #88 £1 a day for Xmas # DFD 6 Nov 15 - paid £28,447
    • DreamerHelen
    • By DreamerHelen 26th Oct 15, 9:50 AM
    • 2,495 Posts
    • 13,426 Thanks
    DreamerHelen
    Well LittleMissDetermined it sounds lovely to me!! I hope you have a WONDERFUL time....when are you going? I'm currently saving up for a Trip to the USA for 5 weeks in the same Year as my 40th Birthday.....it's not until 2018 but will take me that long to save up for something that big!!


    Morning Dobbibill you are such a sweetheart....thank you again. And I'm almost always up early working as I have a Job that I do from home as well as trying to set up a new Business....so that's my excuse...


    Hey Crazy_cat_Lady .... You are more than welcome. Yes, my Jar is HUGE!! It sounds like yours is too....Just a quick word although I'm sure you've thought of this - Please make sure that your Jar is nice and safe so no one takes all this money that you're working hard for


    I hope you all have a wonderful Day xXx
    Pay ALL Your Debts Off By Xmas 2017 #13 £6000 Emergency Fund #1 £0/£6000 General £1000 Emergency Fund #13 £0/£1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
    • carbootcrazy
    • By carbootcrazy 26th Oct 15, 11:24 AM
    • 3,922 Posts
    • 21,986 Thanks
    carbootcrazy
    Hi Helen. Happy new flat

    After seeing you over on patmans Emergency Fund thread and threatening to join you, here I am at last. Sorry it's taken me so long but I was/ still am in two minds about whether I qualify for the challenge

    My income is in the form of 2 smallish pensions which pretty much stay the same year on year except for an insulting yearly increase of a few pence per week. So I'm not worried about losing my job and all the misery that involves as the pensions have been hard-earned when I was working and are permanent. I also do whatever I can to earn/make a bit extra but living in a very rural place my opportunities are a bit limited as far as 'real' jobs goes

    Being on a DMP a lot of my income is spoken for and will be until 2019 and I have very little room for manoeuvre on the savings front.

    From my sig it looks as if I have made loads of extra money this year but really it is all the same money. What extra I make in whatever way I can is listed in my Make £10 a Day Challenge. If it's from items sold rather than from other means the same money is then also listed in my Sell £1500 challenge total. If I've managed to save any of it (rather than use it to eke out my living expenses after painting myself into too tight a corner with my DMP budget) it's also listed in my £1000 Emergency Fund challenge total. Sorry if I've confused anyone. Just wanted to explain that I'm usually seriously strapped for any money to save.

    I shall really need a 'new' car in the not too distant future as car expenses have been the major source of my money woes this year. I shall be keeping on with patman's Emergency Fund Challenge as that is for any of life's emergencies that I need to lay my hands on money quickly for such as vet's bills, the money-pit of having an old car, problems with old laptop and other necessary technology, new spectacles etc etc. I haven't any savings otherwise.

    I would like to set up a designated 'new' car fund of about £3000 maximum and thought Helen's challenge might fit the bill. When my current old heap finally gives up the ghost its trade-in/resale value will be just the scrap value so I'll be starting from scratch.

    If anyone is still awake after all this lot please could you let me know if I'm eligible to join? I won't be doing the Sell £1500 challenge next year but will be plodding on with my Make £10 a Day as it is very motivating and great fun too.
    Last edited by carbootcrazy; 26-10-2015 at 11:27 AM.
    Make £10 A Day Challenge 2017. Jan-July: £3687.51 Aug: £283.35
    3-6 Months Emergency Fund Challenge #12: £3358.00/£5000. This is so hard but I will do it.

    Original Debt: £56804 (@ LBM 02/13). Balance now: £21808
    . Getting there
    • Sue-UU
    • By Sue-UU 26th Oct 15, 11:59 AM
    • 8,480 Posts
    • 46,968 Thanks
    Sue-UU
    Sue-UU .... what a lovely pleasure to have you on this Thread and thank you for your Support hun, I really appreciate that!! With regards to the Terramundi....yesterday I went to Ikea to buy some new Storage for the Flat and saw a MAHOOOOSIVE Glass Jar and it wasn't expensive....about a fifth of what a Terramundi would have cost...so I bought that and shall use that for this Challenge....How's that for moneysaving? Hope you are well....
    Originally posted by DreamerHelen
    Hi Helen, I'm so pleased I noticed your thread yesterday, I was only looking to see how far down my SPC reminder thread was and did it need bumping, and there you were! No, I wasn't being nosy - as if, but I'm pleased I had a look and that you didn't go to the expense of a Terramundi. All the best with your jar (it sounds perfect), your budget and health too! You know where I am should you need me.

    Sue xx
    Sealed Pot Challenge 001 My Totals = 08 £163.95 09 = £315.78 10 = £518.80 11 = £481.87 12 = £694.53 13 = £1200.20! 14 = £881 15 = £839.21 16 = £870.48Grand Totals of all members (2008 uncounted) 2009 = £32.154.32! 2010 = £37.581.47! 2011 = £42.474.34! 2012 = £49.759.46! 2013 = £50.642.78! 2014 = £61.367.88!!
    2015 = £52.852.06! 2016= £52, 002.40!!!

    • stewby
    • By stewby 26th Oct 15, 12:14 PM
    • 1,203 Posts
    • 7,294 Thanks
    stewby
    Good morning.


    Congratulations on your new flat. I hope you have managed to get rid of all the packing boxes. I swear they seem to multiply once you have moved in.


    Have figured out all my finances and it looks like I will be able to save about £45 from my wages each month (starting from January).


    Hiya stoplurking. Haven't heard from NSK in ages (her blog seems to have been deactivated). Last I heard she was ill, hope her journey has picked up again.
    Yep... the credit card journey is very almost over. I can see the light at the end of the tunnel.

    Next step is the mortgage overpayment and saving for an emergency fund (which will take about four years to reach £2,000 I think). I seem to have caught the money-bug.


    edit: have a tendancy to nosey in pots and remove money for "treats". As a result I have a hidden savings account which I will pay into each month.
    Basically, my mortgage company gave me a bank account when I first got my mortgage. So, I am going to use it for my emergency fund.
    Last edited by stewby; 26-10-2015 at 12:16 PM. Reason: forgot to add a bit.
    * Mortgage: £45,897.33/£46,176.33
    * MFW #8 : £0741.10/£6600.

    * Emergency fund: £230.73/£2000
    * Debt Free Date: 26/12/15!!
    • stormpassing
    • By stormpassing 26th Oct 15, 1:16 PM
    • 107 Posts
    • 531 Thanks
    stormpassing
    Hi all,

    Just back from the bank and I've deposited my first £5. Not much but it is a start. The lovely lady at Coop bank set me up so that I can pay into my savings account directly online each week It means my savings book won't be updated immediately but I'll keep track in a note book and get my book updated intermittently when passing branch.

    Good luck everyone who has joined.

    I'm off to update my sig for this challenge.

    SP x
    Lightbulb moment September 2015
    DFD estimated at 6yrs 7mnths 03/2022
    Total debt: £37,394.00
    #494 SPC 8 £133
    #134 £1000 emergency fund challenge £92.92/£1000
    #11 3-6 months emergency fund challenge £25/£5,400
    • LittleMissDetermined
    • By LittleMissDetermined 26th Oct 15, 1:24 PM
    • 1,702 Posts
    • 6,976 Thanks
    LittleMissDetermined
    Well LittleMissDetermined it sounds lovely to me!! I hope you have a WONDERFUL time....when are you going? I'm currently saving up for a Trip to the USA for 5 weeks in the same Year as my 40th Birthday.....it's not until 2018 but will take me that long to save up for something that big!!
    Originally posted by DreamerHelen
    '78 must have been a good year as I also turn the big 4-0 in 2018 Would like to do a big holiday to celebrate but there's 2 things... debt (obvs) and choosing a destination. Would like the Maldives but I think the hubster would get bored!

    Hope the move is going well DreamerHelen and you've not lost any essentials in the packing/unpacking!

    LMD x
    Target Debt Free Day 27th Jun 2019
    Life gets in the way...PADding is addictive... Saving's better than spending...

    £1000 EF Challenge #142 £1276.64/£1000 ... 3-6Mth Wages Challenge #4 £2364.14/£7129...
    24 months of Debt-busting to go...
    • DreamerHelen
    • By DreamerHelen 26th Oct 15, 3:21 PM
    • 2,495 Posts
    • 13,426 Thanks
    DreamerHelen
    carbootcrazy .... as far as I'm concerned you qualify for the challenge as it's a necessity that you'll need in the future....So I've put you in the Members List on the First Post....Welcome!!


    Sue-UU .... I could NEVER think you are being nosey hun so don't worry.....I'm really pleased with my Jar....just got to start filling it up now!! And thank you....I know where you are and shall shout if I need you hun xXx


    Stewby ..... I know what you mean....I didn't think I could possibly have this many Boxes to unpack!! It's ridiculous!!! LoL...Also, I used to follow NSK's Threads but haven't seen her around for AGES...I hope she's okay....


    stormpassing .... well done on your first deposit, that's great news!! I shall go and update the front page in a second....


    LittleMissDetermined .... Aaaaahhhhhh '78 was indeed a grand old year!! Hmmmm, what about a Cruise of the Caribbean Islands or something? Would that appeal to you? That way you can see all the Islands and Hubby might not get bored - I have no idea if the Maldives are in the Caribbean by the way...LoL...it was just an idea I had...


    Am feeling the strain of early mornings and lots of lifting....My back is absolutely killing me right now and I would almost kill for a bubblegum flavoured milkshake....but since I was diagnosed as Diabetic last Week I don't think it's a very good idea!! I am taking this healthy-eating and saving very seriously...as well as paying off all my Debts of course!! xXx
    Pay ALL Your Debts Off By Xmas 2017 #13 £6000 Emergency Fund #1 £0/£6000 General £1000 Emergency Fund #13 £0/£1000 MSE Sealed Pot Challenge #089 - Stars From SueUU x23
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